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According to the PMI released by the National Statistics Bureau in May, the new export order index fell below the threshold to 48.3%, partly caused by the dampening effect of price rise on demand and the elimination of steel tax rebate. How does MOFCOM view the export performance recently? A growing number of businesses are complaining about raw materials price surge, highly fluctuating exchange rate, and squeezed business profit due to high international logistics cost. How does MOFCOM intend to solve these problems?(2021-06-03)

This year, China’s export maintained comparatively rapid growth. Our survey of over 20,000 businesses at the 129th Canton Fair suggests that 43.2% of the businesses can sustain for at least three months with the orders they have secured. Our research across different regions, industries, and businesses also show sound momentum for export in the first half of this year.

Since the second half of last year, businesses have been struggling with rising raw material prices, sharp exchange rate fluctuations, and difficulties in seaborne logistics. Acting on the decisions and plans of the CPC Central Committee and the State Council, we have worked to ensure steady supply and stable price of commodities, diversify import sources, and step up international cooperation, in an effort to build win-win and steady trade channels for commodities. We have strengthened cross-departmental cooperation to ensure transport capacity and better monitor freight price. We will continue to streamline administration and delegate powers to improve business environment and lower business cost. We will take concrete and targeted measures to support the steady operation and healthy development of all types of foreign trade companies, especially SMEs. Thank you.


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